Podcast
Questions and Answers
What type of data do prescriptive analytics tools use?
What type of data do prescriptive analytics tools use?
- Real-time data only
- Big data only
- Historical data only
- Data from different sources (correct)
Which analytics category is focused on understanding the reasons behind past outcomes?
Which analytics category is focused on understanding the reasons behind past outcomes?
- Prescriptive Analytics
- Diagnostic Analytics (correct)
- Descriptive Analytics
- Predictive Analytics
What is the main focus of Descriptive Analytics?
What is the main focus of Descriptive Analytics?
- Summarizing and describing current business areas (correct)
- Forecasting the future
- Understanding past outcomes
- Identifying future opportunities
Which tool is not used in prescriptive analytics?
Which tool is not used in prescriptive analytics?
What do businesses interested in Predictive Analytics aim to do?
What do businesses interested in Predictive Analytics aim to do?
Which type of analytics would be most beneficial for a business wanting to know 'what should be done'?
Which type of analytics would be most beneficial for a business wanting to know 'what should be done'?
What is the main focus of Descriptive Analytics?
What is the main focus of Descriptive Analytics?
Which type of analytics aims to answer the question 'Why did it happen'?
Which type of analytics aims to answer the question 'Why did it happen'?
What is the primary goal of Prescriptive Analytics?
What is the primary goal of Prescriptive Analytics?
What is the role of Diagnostic Analytics in the analytics process?
What is the role of Diagnostic Analytics in the analytics process?
Which characteristic is associated with Volatility in data?
Which characteristic is associated with Volatility in data?
In which stage of analytics is the integration of raw data from different sources a key step?
In which stage of analytics is the integration of raw data from different sources a key step?
Which of the following is NOT a type of business analytics?
Which of the following is NOT a type of business analytics?
What is the primary goal of Predictive Analytics?
What is the primary goal of Predictive Analytics?
Which step of the OSEMN process involves finding the necessary data?
Which step of the OSEMN process involves finding the necessary data?
Which of the following is a key characteristic of Predictive Analytics?
Which of the following is a key characteristic of Predictive Analytics?
Which of the following is NOT a key capability of Descriptive Analytics?
Which of the following is NOT a key capability of Descriptive Analytics?
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